Subsea 7 S.A. Notice of Extraordinary General Meeting

Core Viewpoint - Subsea 7 S.A. is proposing a merger with Saipem SpA, with an extraordinary general meeting (EGM) scheduled to discuss this combination and related financial distributions [1][4][5]. Group 1: EGM Details - The EGM is set for 15:00 local time on 25 September 2025 in Luxembourg, with common shareholders on record by 11 September 2025 eligible to vote [2]. - Votes must be submitted by 19 September 2025 [2]. Group 2: Financial Proposals - The EGM agenda includes a proposal to distribute a dividend of €450 million, approximately NOK 18.00 per share, contingent on the merger's completion [4]. - A special dividend of €105 million, equating to about NOK 4.15 per share, is also proposed, related to a permitted business divestment as per the merger agreement [5]. Group 3: Company Overview - Subsea 7 is recognized as a global leader in offshore project delivery and services, focusing on sustainable value creation in the energy industry [6].